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Who do you think bears the economic burden of the payroll tax, firms or workers? How does your answer depend on the relative elasticities of supply and demand for workers? Provide specific examples to support your answers.
As the economy expands and approaches the peak of a business cycle, which of the following tends to happen automatically, without a specific change in policy?
If one country has per capita income of $15, 000 and its economic growth rate is 5 percent per year, what will its per capita income be in 10 years? About how many years will it take to catch up to a country where the per capita income is $30, 000 pe..
Why is their a growing disparity between the rich and poor in the US? What are some of the reasons for this and what should the government do to bring about growing equality with income? Do we as citizens have an ethical responsibility to help the po..
Suppose the welfare benefit formula is. How large is the benefit if wages equal. What is the marginal tax rate on.
Protectionist measures are enacted because they: Restrictions on imports of foreign steel into the U.S. will: If a bottle of French wine priced at 100 francs can be purchased for $50, the exchange rate is:
Explain is there a relationship among the age of an unemployed individual and the number of weeks of unemployment.
Within the context of responsible stewardship, provide an argument for or against workers' rights to organize unions and bargain collectively from and ethical, social, and/or legal point of view.
You are a magazine publisher. You are in the middle of a one-year rental contract for your factory that requires you to pay $500,000 per month, and you have contractual labor obligations of $1 million per month per the labor union agreement. If the e..
Consider the following sequential game between firm 1 and firm 2. First, firm 1 decides to adopt either technology A or technology B. Firm 2 observes firm 1's decision and then also decides between technology A or technology B. The profits (in thousa..
Given that it takes 5 yards of textile to make a suit whose free trade price is $150.00 and that the textile sells for $20.00 per yard. Calculate (i) the NRP and the ERP if the government is to impose a $30.00 tariff per suit and (ii) what happens to..
Suppose you have an asset that costs $11 in time period zero and has an IRR of 18%. With a retained earning rate of 5% on your remaining $7, what is the highest loan rate that would support investing in this asset?
If you have been offered $137,000 for a job in Los Angeles and $117,000 for a similar job in Dallas, elucidate which job affords you the highest purchasing power of the bundle of goods in the price index.
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